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U.S. Dollar Rebounds amid Economic Data
 

The U.S. dollar index increased against most other major currencies in late trading on Thursday, as investors digested a batch of economic data.

U.S. personal income increased 54.8 billion U.S. dollars or 0.3 percent in July, in line with market consensus, the Commerce Department reported Thursday.

In July, U.S. disposable personal income increased 52.5 billion dollars or 0.3 percent, and personal consumption expenditures increased 49.3 billion dollars or 0.4 percent.

Meanwhile, in the week ending Aug. 25, the advance figure for seasonally adjusted initial claims was 213,000, an increase of 3,000 from the previous week's unrevised level of 210,000, said the Labor Department on Thursday.

The 4-week moving average was 212,250, a decrease of 1,500 from the previous week's unrevised average of 213,750. This is the lowest level for this average since December 13, 1969 when it was 210,750, said the department.

The dollar index, which measures the greenback against six major peers, was up 0.13 percent at 94.7305 in late trading.

In late New York trading, the euro was down to 1.1664 dollars from 1.1698 dollars in the previous session, and the British pound fell to 1.3012 dollars from 1.3020 U.S. dollars in the previous session. The Australian dollar dipped to 0.7256 dollar from 0.7299 dollar.

The U.S. dollar bought 111.04 Japanese yen, lower than 111.69 Japanese yen of the previous session. The U.S. dollar increased to 0.9694 Swiss franc from 0.9713 Swiss franc, and it rose to 1.2990 Canadian dollars from 1.2917 Canadian dollars.


(www.chinaview.cn 2018-08-31)
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